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's shift to democracy in a first ever trip by a serving u.s. president to the country. but he cautions that his trip should not be seen as an endorsement of the country's sgoechlt. and oil futures hitting a two week high as international pressure mounts for a cease-fire in gaza. u.n. secretary general ban ki-moon is heading to cairo for emergency negotiations. good morning, welcome to the program packed full of fantastic guests to give you you updates and analysis on where we are in trade. if europe, higher by 0.8%. coming off the 3 1/2 month low that we saw in the close on friday, helped along by optimism on the negotiations to avoid a fiscal cliff state side. we saw quite a rally in the u.s. on friday's close and that is feeding through to europe here this morning. ftse 100 higher by 09%, xetra dax by more than 1% and ibex 35 more than half a percentage point. the bond markets, the question is whether or not we'll see a lid on on bond prices on treasuries especially if we manage to overt a fiscal cliff scenario, if we see productive talks continuing. right now we're seeing the yield
felt emboldened in the wake of the gaza cease-fire to believe that the u.s. wouldn't really criticize him or do anything major to stop this power grab, i think we'll have to find out here in the next few days, but the timing is not coincidental, you can bet on that. >> the obama administration says that egypt has a constitutional vacuum and needs to figure out governing issues such as checks and balances and rule of low and democratic dialog, arthel. >> arthel: molly henneberg, thank you very much for the report. >> rick: new details on a fire that broke out at the state department building in washington, reporting four people injured and three rushed to the hospital with one in life threatening condition. the fire reportedly started this morning while work crews were repairing some duct work. a full investigation is underway. >> arthel: the holiday shopping season taking on new meaning for retailers struckling to recover from super storm sandy. stores this manage today reopen are promoting huge sales in small business saturday in hopes of recouping some of their losses. anna kooiman
apprehensive this could be the final hurdle. you're talking about the presence or the arrival of u.s. secretary of state hillary clinton. there is no doubt the u.s. can play a very important role in this. it can exert a tremendous amount of leverage on the israelis to avoid a ground invasion of the gaza strip. while the u.s. does believe that israel has a right too defend itself there is a widening belief here among many, this is what is being communicated to the u.s. by egyptian officials, that a ground invasion and further military escalation will not solve this. we've been down this road before. >> go ahead, ayman. if you're still there. >> i'm still here. i was saying that they've been down this road before, used the military option back in 2008, and previously it hasn't solved the gaza problem and so many people are saying that this has to stop. to really think of a new paradigm shift in how to solve the crisis in gaza and the larger with the israeli/palestinian conflict. >> yesterday we were talking about the americans passively having too light a footprint in the region, against the back
a great thanksgiving. jon: the u.s. condemns the bus bombing as a terror attack. secretary hillary clinton is working hard on brokering a cease-fire deal. she has met with israeli and palestinian leaders. chief white house correspondent ed henry has more. reporter: that's right, a double duty for the outgoing secretary of state. last night she was in a meeting with benjamin netanyahu. this morning, very early, meeting with the palestinian president and actually went back to israel to meet again with benjamin netanyahu. she also met with mohammed morsi. from a u.s. perspective, president obama is weeks away from being sworn in for his second term. they are hoping to bring peace of some kind and they hold that they have some kind of a short-term solution. they are looking for something and that is eluding them right now. jon: the hopes have been complicated by the relationship with egypt, which is not what you you you see. how does the u.s. have agreed that? >> you have president morsi secretary clinton is talking right now. there are questions about whether he can be trusted, what kind of a
with some of her toughest republican critics and answer questions about the september 11th attack on the u.s. consulate in benghazi. rice will sit down with senators john mccain, lindsey graham, and kelly ayotte. >> that should be fun. >> that could be really awkward. they all accuse her of misleading the country in her initial account of the attack. in recent days, senator mccain has softened his criticism, and rice insists that she was relying on talking points from the intelligence community. last night senator graham rejected her defense but says he's open to today's meeting. >> she asked to meet with us, and i will listen to what she has to say about her role in benghazi, but i can tell you this. the more i know about benghazi, the more upset i am that the consulate was even open on september 11th. when you look at the history and the reporting coming out of libya about the dangers, it should never have been open or heavily reinforced. after the attack, i think the story we were told about a spontaneous event caused by video where a mob turned into a riot is less credible than ever. >>
that brought down the head of the cia, general david petraeus. another u.s. general is caught in the same tangled web. john allen, top commander in afghanistan, is being investigated by the pentagon for allegedly sending inappropriate e-mails to a married woman, the same woman whose complaint of threatening e-mails from general petraeus' lover cracked the scandal wide open. barbara starr is trying to sort this out for us. it is rather complicated, what's the latest you're getting? >> it is still the same fundamental question for the last 24 hours, wolf. why is john allen being investigated and how on earth did he get caught up in this? marine corps general john allen denies an extramarital affair with jill kelly, the florida socialite whose concern over threatening e-mails led to an investigation that revealed an affair between cia director david petraeus and his biographer, paula broadwell. a pentagon official told reporters allen who commands the war in afghanistan is adamant he did nothing wrong. a senior official close to allen tells cnn of kelly there is no affair, she's a bored soci
. and if the state department is saying they never believed that this attack on the 11th of september against the u.s. consulate was a film protest gone awry, think about it -- it's nearly impossible to believe that president obama didn't know. oh, and dimension the state department was watching this unfold in real time? when president obama in his absurd press conference then tried to portray himself as coming to the defense of a damsel in distress, susan rice, saying, quote, republicans should come after me. at that moment, he stumbled into a deeper and more damaging truth than he realized because republicans are rightly going after you, mr. president, because the evidence is mounting that you and your administration knowingly and willfully misled the american people on the benghazi massacre and lying to the american people, perhaps in order to get re-elected. that's a serious offense. joining me with reaction, texas congressman mike conoway, in the closed-door meeting with general petraeus and the author of a brand-new book, a host of war stories. oliver north is here. bring us inside the room. wh
the changes could mean. >>> welcome back. take a look at the u.s. equity futures. dow and s&p coming off their worst week since july 4th. you can see they are indicated higher, but maybe not the bounce you might have expected. the dow up 23. >> squawk sports new, texans beating the bears 13-6. foster finished with 102 yards rush and touchdown catch and texans intercepted cutler twice before knocking him out with a concussion. >> no comment about the jets? >> they lost. >> andrew, here's the deal. >> did you see rex ryan -- >> the giants won the super bowl last year. a lot of people have told him he's fat and he should shut up. he's not fat anymore. she just shut up. but sanchez, you brush up against him and the ball goes flying out. >> they've been going back and forth. >> when the giants are the defending the super bowl champions and they got their butts kicked by the bengals and the other game unbelievable is johnny football. texas a and m and alabama, that was unbelievable. alabama number one. texas a and m just joined the sec. and this guy johnny football, you just can't believe the
: in part with a hashtag. my 2k. the white house is saying if the u.s. goes off the fiscal cliff it will cost the average middle class family $2,200 a year and they want middle class social media users, twitter users who don't want that to happen to get online right now. >> today i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. tell members of congress what a $2,000 tax hike would mean to you. call your members of congress. right them an email. post it on their nice book walls. you can tweet it using the hashtag, my 2k. >> reporter: as you heard at the top of the show treasury secretary timothy geithner is going to be on the hill today. one of his meetings will be with senate majority leader mitch mcconnell who just said, we are eager to hear the administration's specific plans for protecting jobs and growth by reducing the national debt, reducing washington spending and preventing a tax hike on every american taxpayer. so, bill, the two sides are talking to each other but it does sound li
. and the president should have been told about it at the earliest date. >> reporter: a u.s. official said there was no breach of security as a result of the affair. a cantor aide says the congressman called the fbi's leadership to report the information he got on october 31st. but according to "the wall street journal," the fbi's probe had already been under way for months. "the journal" says the fbi's investigation began in may when it started looking into e-mails described as threatening sent to a woman cnn has identified as jill kelley, a family friend of petraeus'. the fbi traced the e-mails back to paula broadwell, petraeus' biographer. and by late summer, "the wall street journal" report, the bureau linked broadwell to petraeus. that's when "the journal" says top officials informed eric holder of the situation. >> once the white house, once some staffer knows, various people find out about something, it becomes public almost instantly. you see this all the time. >> reporter: cnn contributor tom fuentes says under its protocols the fbi and justice department should have kept it insid
morning. good to be with you. i'm terrell brown. and a little more than a month the u.s. economy could experience a severe shock. that is if leaders in washington can't come up with a budget deal. scares of automatic spending cuts and tax increases could take effect january 1st. democrats moved by president obama and congressional republicans signaled they are willing to compromise on changing tax rates and spending reductions but the negotiations are moving very, very slowly. susan mcginnis is in washington with the latest. susan, good morning to you. >> reporter: good morning. the president is sending his top two negotiators to talk with lawmakers today about possible spending cuts. he's also getting ready to take his fiscal cliff message on the road. he'll try to convince the american people the best way to avoid the fiscal cliff is to extend the bush era tax cuts for the middle class. >> it's too important for washington to screw this up. >> reporter: president obama is putting pressure on congressional republicans and he's enlisting middle class americans in getting the gop to tak
. >> this is "cnn breaking news." >> and we begin with breaking news out of the conflict zone, an attack at the u.s. embassy in tel aviv in israel. details just coming in, but an israeli police spokesman says a security guard at the embassy was attacked with an ax. the attacker reportedly also had a knife on him. we know the attacker has been arrested. when we get more information, we will bring that to you. of course, this is all happening as israel and hamas at the tipping point of all-out war. the israelis carrying out 80 air strikes overnight with hamas fighters launching 95 rockets into israel. 38 more palestinians killed, bringing the death toll since last week to 111. cnn has confirmed secretary of state hillary clinton is heading to israel in the air at this very moment. tomorrow she will meet with prime minister benjamin netanyahu. she'll also visit egypt and the west bank city of ramallah. and while the two sides are trading cease-fire proposals, israel's ambassador tells erin burnett his country is ready to launch a full-scale ground invasion. we talk to our reporter in phnom penh. she's
clear up confusion about the attack on the u.s. diplomats in benghazi? and another high-profile republican now running away from mitt romney after he tried to blame his loss on so-called gifts from president obama. james carville and ari fleischer, they are here this hour. we're going to talk about the gop's hand wringing and back stabbing. i'm wolf blitzer. you're in "the situation room." >>> hamas militants -- [ gunfire ] -- there they are. hamas militants in gaza keep unleashing rocket attacks on israel and get alarmingly close to jerusalem. a new provocation as they continue the air assault on what it calls terrorist targets in za. the death toll i rising along wiars of anall-out israeli ground invasion. the israeli cabinet has just approved the call-up of 75,000 army reservists in addition to the troops already positioned along the border with gaza. a visit to gaza by egypt's prime minister failed to stop the bombardment and pull the region from the brink of all-out war. u.s. officials blame hamas for starting this conflict. but they are also urging to be measured i
: it is a busy news morning. the u.s. is officially getting involved in the mideast fighting. secretary of state hillary clinton is en route to meet with prime minister benjamin netanyahu as the u.s. embassy attacked this morning. we have leland on the ground. we'll go to washington with the latest details on secretary clinton's mission. >> good morning. israel and terrorist leaders of gaza exchange fire president obama is dispatching secretary clinton to the middle east it is a hastedly arranged departure from cambodia where she is involved in the ongoing summit. she plans to visit israel and ramallah and egypt because u.s. considers hamas a terrorist consideration and prohibits contact it is relying on egypt and turk yeqatar to deliver its message to the hamas leadership. >> on the trip secretary clinton will emphasize the united states interest in a peaceful out come that protects and enhances israel's security and outcome to lead to improved relations to the civilians in gaza and reopen the path for israelies and palestinians so they can live in peace and security. >> some doubt secretary cl
's early remarks about the deadly attack on the u.s. diplomats in benghazi, libya. >> this is about the role she played around four dead americans when it seems to be that the story coming out of the administration. and she's the point person, is so disconnected to reality. i don't trust her. and the reason i don't trust her is because i think she knew better. and if she didn't know better, she shouldn't be the voice of america. somebody has got to start paying a price around this place. >> let's see what happens here. but we will do whatever's necessary to block the nomination that's within our power as far as susan rice is concerned. >> all right. listen to the president's very, very angry response to senators mccain and graham during that white house news conference. >> she made an appearance at the request of the white house in which she gave her best understanding of the intelligence that had been provided to her. if senator mccain and senator graham and others want to go after somebody, they should go after me. and i'm happy to have that discussion with them. but for them to g
is monitoring the troops' efforts during his visit to southeast asia. he arrived in cambodia, the first time a u.s. president has visited there. earlier mr. obama became the first american president to visit burma as well. following decades of repressive rule. mr. obama says he sees signs of progress on human rights. bill plante reports from rangoon, burma. >> reporter: good morning. the president is visiting three countries in southeast asia to underscore that the u.s. intends to be a major player in this region. but he's dubbed by troubles in another part of the world where the u.s. can't avoid involvement. the president embraced democracy advocate and nobel peace prize winner aung san suu kyi and celebrated the beginnings of democratic reform in this nation which was long under military rule. but mr. obama's triumphant visit here is shadowed by the continuing violence in the middle east. in thailand earlier he called for a negotiated end to that conflict. but he strongly defended israel's right to act against the missiles from gaza. >> there's no country on earth that would tolerate missiles ra
on both sized but that the u.s. backed israel's right to defend its borders against hamas which she referred to as a terrorist organization. >> america's commitment to israel's security is rock solid and unwavering. that's why we believe it is essential to deescalate the violence in gaza. the goal must promote regional stability and advance the security and legitimate aspirations of israelis and palestinians alike. >> as diplomatic efforts ramp up, the u.s. blocked a u.n. security council resolution yesterday condemning the conflict because the resolution didn't address rockets fired from palestinian territory. >>> to politics, one thing not to be thankful for on the eve of this holiday season -- 2016. that's right. just two weeks after the longest, most expensive and most exhausting election in u.s. history, troubled eyes are turning this morning to 2016 speculation as it begins over the next batch of candidates. republican up and comer jeb bush jr. says his dad needs to make a run for the white house. >> your dad going to run for president? >> i don't know. no comment. i certainly
timetable. if they don't see that it would be inconsistent with maintaining a aaa rating. the u.s. is on negative outlook. s&p already downgraded. >> i think that we all kind of remember what happened -- i think that the big worry on the left side would be i think listen, nothing happened. interest rates went down again. that's a scare tactic. i'll use a scare tactic. $600 billion in new taxes january 1. that's reality. >> unemployment going back to 9.1 if this happens. that's a number that gets your attention. the "times" does a nice piece about fix the debt group. groups of very large companies trying to weigh in on their own side with ads. i don't know if we have them right now. nike with a mock nike ad that says just fix it. mcdonald's saying i'm fixing it. >> home depot. we can fix it. >> that group raised a lot of money over the last year or so. $30 million, $40 million, more than you might have anticipated to mount this public campaign. >> dave is doing a lot of great things. ceo of honeywell. wants to put aside -- i don't know if he's a democrat or republican. i know he's
voted to recognize palestine as a nonmember state. palestinians celebrated, but the u.s. says it's an obstacle to peace talks. nbc's danielle leigh joins us from washington with the details. danielle, good morning to you. >> reporter: good morning, lynn. a bit of a loss for israel. the vote feared to make palestine less likely to negotiate a peace deal directly with israel. the united nations overwhelmingly voted to upgrade palestine's status to a nonmember state, and that allows them to go after israel and international court which could delay or complicate any efforts at forming an agreement that forms two independent states of palestine and israel. ambassador susan rice said she was disappointed by the vote. the u.s. had threatened funding in the west bank in the hopes of preventing it. and rice says that the only way to truly form an independent state of palestine is through direct talks with israel, something the u.s. is committed to. despite those words, palestinians took to the streets celebrating what they consider a victory and a step toward their own independence. the r
, the commander of u.s. and nato forces in afghanistan is now under investigation for alleged inappropriate communications with jill kelley. now investigators are said to be looking into the 20,000 to 30,000 pages of e-mails and other documents that he sent to her. kelley, of course, is the florida woman whose original complaint to the fbi about threatening e-mails inadvertently exposed the affair between general petraeus and paula broadwell. meantime a team of fbi agents searched broadwell's home in charlotte, north carolina, overnight, and spent nearly five hours there wrapping up just after 1:00 in the morning. "wall street journal" is reporting that the fbi agent who launched the petraeus investigation himself is under investigation. in part because he sent shirtless pictures of himself to jill kelley. jill kelley, the woman who kicked off all of this investigation, by complaining about the e-mails that she was getting from the petraeus mistress. so the agent, who knew kelley, allegedly sent those pictures before any investigation began, but as you can see, the story is getting much mor
to strengthen economic and political ties in asia, including a visit to myanmar, the first u.s. president to do so. >> j-date. jewish singles using their faith and the web to find the perfect love match. it's our paces of pait. >>> and end of an icon. the maker of twinkies, wonder bread and ding dongs says good-bye. >> i'm viktor blackwell in for randi kaye. >> i want to start this hour with something we heard from israeli prime minister benjamin netanyahu this morning. we are prepared for a significant expansion of the operation. he is talking about the possibility of ground troops going in behind the air strikes on gaza. israeli war planes have been hammering gaza city for the past few days. ham whereas militants inside gaza have been pirg back matching israel bomb for bomb with their rockets. that has sent civilians scrambling for cover. our frederick plankin is live in southern israel, and i can see that you are standing there with something over your shoulder, a part of israel's iron dome missile defense battery. how active has that been today? >> well, viktor, it's been very active. it's
consulate and killed four americans including u.s. ambassador christopher stevens. both the house and the senate want to know what went wrong, what members of the obama administration knew, what they knew it and why tke th-pbt do more to prevent the attack or respond in time. chief intelligent correspondent catherine herridge is live on capital hill with all of this. catherine the latest. let's start with the testimony of general petraeus and the testimony we just heard about that secretary clinton will attend. >> well, thank you, jenna and good morning. two important developments here on capitol hill. fox' confirmation this morning that the former cia director david petraeus will testify before the house and senate intelligence committees. these will be closed or classified sessions early friday morning, and also confirmation that secretary of state hillary clinton will testify here on the hill and give the read out, or the results of their internal review at the state department about the benghazi attack, and that announcement was made at the house foreign affairs committee a sh
. the u.s. now part of efforts to hammer out a cease-fire in gaza as the fighting intensifies on both sides. good morning i'm jon scott. jenna: hi, everybody i'm jenna lee. air raid sirens wailing in jerusalem. [sirens blaring] jenna: you may hear those sirens, we don't hear them often over jerusalem. this is after hamas fired off a rocket aimed at the holy city. folks on your screen running for cover. word today that that rocket hit the west bank and thankfully didn't cause any injuries. the rocket, just one of the more than 1200 from hamas fired at the jewish state since a week ago. israel is targeting key hamas sites as well firing artillery shells into gaza today and going after rocket and mortar teams all along the border. all of this happening as president obama dispatched secretary of state hillary clinton to the mideast, in jerusalem, ramallah and gaza. we will start with leland vittert on the israel-gaza border. >> reporter: there are multiple reports from senior israeli officials that there will be a cease-fire deal some time in the next 12 hours. you would think that would
at the president, the news media and each other. tempers flare as congress probes the deadly attack on the u.s. consulate in benghazi, libya. you're about to hear a tape of senator john mccain's contentious exchange with cnn. also, we've seen pictures like this of the benghazi compound on september 11th, but today for the first time lawmakers are seeing surveillance video of the assault that killed the united states ambassador, three other americans. i'll talk to one u.s. senator about what that video shows. and mitt romney's speaking out about his election loss blaming what he calls gifts -- that's a quote, gifts, the president people gave to people who voted for him. i'm wolf blitzer. you're in "the situation room." >>> tempers flaring on capitol hill. senator john mccain lashing out at one of our cnn producers who questioned why he was missing a key hearing on the attack on the u.s. consulate in benghazi, libya. mccain has been a sharp critic of the president and his administration complaining lawmakers are not getting enough information. and when asked why he missed that meeting today, he
to explain the misleading information given out in the days after the september 11th attack on the u.s. consulate in benghazi, libya. four americans including the u.s. ambassador to libya died in what we now know was a terrorist attack. but that isn't what the u.s. ambassador to the united nations susan rice said when she went on national television five days after the attack. today rice is up on capitol hill. she's explaining what happened and some big-name republicans clearly are not very happy with her answers. our senior congressional correspondent dana bash is following what's become a pretty long day -- a tiring day for the u.s. ambassador to the u.n. what's the latest, dana? >> reporter: wolf, the three republican senators who had vowed to block susan rice from being secretary of state if the president nominates her had really softened the rhetoric in recent days. i'm told the reason for that was because it was a curtesy in order for them to wait until they had a face-to-face meeting with her which was today. after that meeting their criticism was harsher than ever. the way thes
: do you think the u.s. as relates to the cease-fire was too effusive in the praise from secretary of state clinton, and now what does the white house do? they have remained quiet. we have a statement from the state department, but nothing from the white house so far. >> i don't think the praise -- morsi's certainly deserving credit to help to broker the peace. and the administration play aid vital role in that and they deserve credit. the larger issue is a revolutionary change in the middle-east. it is the foreign policy surprise of this administration, as 9/11 was for bush. and how we cope with this. our disengagement policy in the middle-east is inviting this change to go in the wrong direction. al qaeda is on the rise, the islamists are on the rise. morsesi looked at iraq and saw al-maliki on the rise. our policy should be all in, keeping with our national interest and keeping with our values and help shape morsi. he is not going away. >> how do you think the president will walk the line of not getting involved in affairs we shouldn't be involved and and stopping the dominoes t
was banned. one of his goals is to create a state ruled by islamic or sharia laws. the u.s. does not consider the muslim brotherhood a foreign terrorist organization. the egyptian government banned the muslim brotherhood because of its suspected role in the assassination plot of the president. bill: later this hour general jack keane is here to talk about the recent turmoil in egypt and claims morsi is a new kind of pharaoh for egypt. martha: twin car bombs in damascus, syria, the blast targeted an area known to be loyal to president bashar al-asaad. then people ran out to help those who were injured in that initial explosion and then came the second large explosion. according to the estimates. 40,000 syrians have died in all of this horrific violence in syria that has been going on now for two years. bill: we are just getting started. $2 and a dream. so many lining unto buy a ticket for one of the largest lottery jackpots we have ever seen. we'll take you to one town where folks to sure use a half billion prize. martha: ambassador susan rise expected on capitol hill. she faced a tough crowd
minute. senators say they would not support a nomination for susan rice until questions on the u.s. consulate in libya are resolved. rice wrapped up her meeting with the three over her initial comment about the attack. pictures from egypt as opponents of president mohammed morsi continue to clash. they are railing against morsi that gives them absolute power. one person was killed after inhaling teal -- tear gas. it was quite a scene at the empire state building. the light feature more than 16 million colors. those are your news headlines on fox business network. back to connell. connell: thank you very much. it is not to jamie dimon and idea that he may be the next treasury secretary. that is well warren buffett seems to be hoping for. here is a quote from buffett. if we did run into problems and markets, i think, he would actually be the best person you could have in the job. world leaders would have confidence in him. i do not think anyone asked me about this. i think it is highly unlikely. what do you think? >> i think warren buffet is truly one of the great minds of our centur
in the david petraeus scandal. tonight, general john allen, the top u.s. commander in afghanistan, part of the story. >>> and just who is the woman who seems to be at the center of it right now? jill kelley. her complaints about harassing e-mails ultimately led to petraeus' resignation. now we're learning of, quote, flirtatious e-mails she allegedly sent general allen. >>> and the latest on the fbi investigation that stumbled upon petraeus' affair with his biographer, paula broadwell. two experts from the fbi on why president obama didn't learn of the investigation for six months. let's go "outfront." >>> i'm erin burnett. good evening. "outfront" tonight, a scandal turns more bizarre. new details tonight on the petraeus scandal. the white house, forced to take a stand. not on david petraeus, but on another four-star general, john allen. america's top commander in afghanistan. he was set to become the nato supreme commander, until the president put that nomination on hold today. like petraeus, allen is at the top of the american military. he's a four-star general. one of only four four-
's big trip that starts tomorrow. he's going to asia tomorrow. no sitting u.s. president has ever visited the nation of cambodia before, but president obama is about to do so. no sitting u.s. president has ever visited burma, either. but president obama is about to go there too. no president has ever done that. when he's there, he will meet with the opposition leader. aung san suu kyi. while he's there. one interesting side note on president obama making this historic trim to burma. which is also called myanmar. in 2009, before the u.s. government decided that they were ready to send a sitting president to that country, we apparently first decided that we were ready to send a rock band to that comprehend. specifically the band ozo motley. the state department under a brand new president obama in 2009 authorized the great l.a. latin fusion band to go tour burma. a sort of ambassadors for u.s. culture in that notoriously closed off authoritarian part of the world. burma has only finally ended military rule there as of last year. after president obama makes his visit there this weekend, we h
economics. back here in the u.s., reports from walmart and target. at 8:30, we get weekly jobless claims. october consumer price index. and the november empire state survey. in corporate news, bp expected to pay a record u.s. criminal penalty and plead guilty to criminal misconduct in the 2010 deepwater horizon disaster, a plea deal reached with the department of justice reportedly may be announced as soon as today. reuters says bp will plead guilty in exchange for a waiver of future prosecution on the charges. bp says it is in discussions, but no final agreement has been reached yet. >> fun to have you here today. we do hope mr. kernen get better very soon. he's not normally sick. >> he never calls out sick. so he must be really sick. >> i think there's a flu going around. >> convenient for all of us. i took chips out of his bag yesterday and now i'm -- >> who is the guy sitting in his seat? >> can we get some lie sole over here? >> let's get back to the topic dominating the conversation from wall street to washington right now. of course it is the looming fiscal cliff. we have made it
and please stay safe there. thank you very much. >>> the u.s. is working behind the scenes to head off an all of hut war in the middle east. president obama spoke on the phone with benjamin netanyahu to try to defuse the situation. that is not all washington is doing. let's go to cnn pentagon correspondent barbara starr in washington. barbara? >> the big concern here in washington is a ground war in gaza. there is growing concern that israeli troops and tank forces might cross the border and move into gaza. that is the major escalation that the u.s. does not want to see. so, the calculation now is, what does it take to make hamas stop its rocket attacks into israel and israel feel comfortable enough with that to pull back on the air strikes and pull back on any ground forces that it is assembling near the gaza border. there has been a lot of diplomacy going on. defense secretary leon panetta traveling in asia, calling the israeli defense minister barack. secretary of state hillary clinton firing up the diplomatic phone lines calling israel, turkey and jordan. randi? >> barbara starr in washin
of myanmar, as it transitions towards democracy. during the first visit by a sitting u.s. president, mr. obama pledged that the u.s. will be friends with any nation that respects its people's rights and international law. nbc political director and chief white house reporter chuck todd has been traveling with the president. chuck, good morning to you. >> reporter: good morning, veronica. president obama is the first president to ever visit myanmar. i can tell you it's been a whirlwind day here for the president. the president got here, greeted by throngs of people of this country at times getting very close actually to the motorcade. the first thing he did after he met with the president is he went to nobel peace prize winner aung san suu kyi, who of course is the big democracy activist here in myanmar. the president was here and made the case why myanmar needs to continue its democratic reform and also told the story of the evolution of american democracy hoping it would serve as a model. here's a little bit of that speech. >> i stand before you today, the president of the most powerfu
. >> reporter: clinton assured israel of u.s. support. >> the rocket attacks from the terrorist organizations inside gaza on israeli cities and towns must end. >> reporter: secretary clinton met with palestinian leader this morning and will meet with president morsi later today. >> the goal must be a durable outcome that advances the security and legitimate aspirations of israelis and palestinians alike. >> reporter: egyptian president mohamed morsi is seen as critical to any peace dale. his muslim brotherhood is close to hamas. a hamas spokesman is quoted in one report saying we hold absolutely no hope of hillary clinton helping to resolve this conflict. >> susan mcginnis in washington this morning. thank you so much. as we reported egypt is expected to play a key role in brokering a truce and trying to maintain it. clarissa ward reports from caro this morning. >> reporter: good morning. >> we were expecting some type of announcement last night regarding a cease-fire. what happened? >> reporter: that's the million dollar question. everyone here in egypt was expecting for president morsi to m
to defend itself against any attack. u.s. and israel both want an end to the rocket fire. president obama has spoken to leaders of egypt and turkey which could encourage hamas to end the violence. >> while the situation develops. president obama is on his way to southeast asia. he is working with that region will be a critical part of the second term. ultimately it will be a his foreign policy legacy. he will go to thie land and then to go cambodia and be the first sitting president to visit burma. >> back here at home. concerns over the so-called fiscal cliff. we understand that the president plans to meet with congressional leaders again after thanksgiving looking to find way to avoid tax increases and spending cuts in the that you year. after the president's win, they are taking a harder line. can a compromise be reached. chief congressional correspondent from washington examiner, thank you for joining us. >> nice to be here. >> how hopeful that a compromise will be reached? >> i think it was interesting about yesterday was the way that all the leaders, republican and democrat came out
here in the u.s. as missiles are flying in the holy land. now some arab leaders, threatening to use oil as a weapon against the u.s. and the battle between israelis in gaza already spilng over here. absolutely, brenda, we've seen oil prices rise. and here is a difference between this and other middle east conflicts and this involves israel at this point and of course we are a little and firm ally of israel, it becomes not a fight against israel, it becomes a fight, if you extrapolate against israel and allies, what best way to fight if you're an arab leader to cut offr raise oil prices and that's the problem and that's why this is different and potentially devastating to our gas prices here. >> in fact, toby, we saw the iraq envoy say something to that effect. are you buying in? >>well, they did, and let's also bear in mind, that, both iraq, iran, and any of the people who are saying that we are going to use oil as a weapon are as desperately in need of every dollar into their economy, it may look good on their television, and say that we're going to use oil as a weapon, but economicall
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